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Property profile & analytics
OFF-MARKET Estimated value $3,825,000
Retail space

2341 John Hawkins Pkwy Hoover, AL 35244-3503

24,001 SF 2.55 ac lot Built 2004
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US03-0585502
Property summary
AI-generated overview

Lake Crest Plaza, located at 2341 John Hawkins Parkway in Hoover, Alabama, presents a compelling opportunity for businesses seeking high-visibility retail, office, or restaurant space. This 22,072 square foot, multi-tenant property sits on a 2.61-acre lot and was constructed in 2004. The building's traditional office and storefront subtypes offer versatile options for various business needs. Its strategic location directly on Highway 150/John Hawkins Parkway ensures excellent exposure to a high volume of traffic. The recent widening of Highway 150 to four lanes further enhances visibility and accessibility. Lake Crest Plaza benefits from its proximity to thriving residential areas, including Ross Bridge, Lake Cyrus, and Lake Crest subdivisions, creating a strong customer base. The property's convenient location is also less than a minute away from a Super Target shopping center and a new emergency room building, adding to its appeal and attracting significant foot traffic. This well-established neighborhood shopping center offers a unique opportunity to establish or expand a business in a prime Hoover location within the Shades Crest submarket cluster of Jefferson County. The property's size and configuration make it ideal for a variety of uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Total area 24,001 SF
Lot 2.55 ac (110,947 SF)
Zoning code I3
APN 39-00-28-3-000-001.006
UPID US03-0585502
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.16M
Comparable Approach Comparable
$3.98M
Blend (final) Blend
$3.83M
Owner & transaction history
Siglcp LLC · 11 yrs held
Siglcp LLC
since 2015
2 recorded transactions
2026
Price N/A
2015
$4.0M
Zoning & alternative use
I3 · Hoover, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $6.1M +166.0%
Apartment house (5+ units) $4.8M +107.1%
Office building $4.0M +73.5%
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